Is NOW the time to flee the US??

They’re slaughtering one another in the streets right now in Venezuela. For the average “middle class” person in Venezuela — educated and still holding on to a good job — he needs two years of wages to buy a single plane ticket in his own currency. He needs to work for two full years to buy one single plane ticket – he’s stuck there. The problem is that he waited too long to leave. You have to know when to leave…

FarageAs Chris Martenson notes, you can’t PRINT your way to prosperity- the Central Banks tried that.
Now we stand on the precipice of complete economic failure, about which Chris says, “I don’t know how anybody can avoid it at this point…. this has been the best FAKE recovery money can buy.”

Jamie DimonCommodites, oil, and equities printed swing lows this week, and bonds printed a swing high.  Its all a pretty orderly transition back to “risk on.”   In spite of this, PM did not do particularly well; gold’s rise still looks like a safe haven move, and silver remains chopping sideways with occasional large spikes both up and down.
The gold/silver ratio was mostly unchanged, rising +0.07 to 78.33. 
COT remains bullish for gold, and somewhat bullish for silver.  My sense is, the spikes up and down in silver are calculated to hose managed money, running stops in both directions while the price more or less chops sideways.
Seems like the answer could be to buy the dips and sell the rallies, at least short term anyways.


Phonlamai Photo/Shutterstock

Here’s Chris Martenson’s mammoth annual report on the fundamental reasons for owning gold. The plethora of systemic risks that make gold a wise investment continue to expand, as does the shocking imbalance between increasing demand and tightening supply. We are approaching a moment in the great transfer of wealth where the dividing line between safety and ruin may quite simply come down to this one question: Do you personally hold physical gold?

crashI suspect in the next year or two we will see some kind of major, major problems in the world financial markets.
I would suspect when we have this correction, it’s going to cause central banks to panic… they will print and spend and borrow, but there comes a time when people are just going to say ‘We don’t want to play this game anymore’. And at that point, the world has serious, serious problems because there’s nothing to rescue us.
I suspect the next economic/financial collapse will be the one they can’t deal with.

With the US poking the Russian bear, and now considering military options to confront China over the islands they are building in the South China Sea, it’s not out-of-the-question that one of these world powers could consider using an EMP as a means of retaliation..
What do you think would happen 5 minutes after the Lights Go Out and the entire grid goes down?

My first Uber lift was in South Carolina.  My driver was from Sudan originally, but had emigrated to the US 20 years ago.  Being the curious sort, I asked him about his life in Sudan and why he moved.  He said that he left when his country had crumbled too far, past the point where a reasonable person could have a reasonable expectation of personal safety, when all institutions had become corrupted making business increasingly difficult.  So he left.

Detecting a hitch in his delivery when he spoke of coming to the US, I asked him how he felt about the US now, 20 years later.  “To be honest,” he said, “the same things I saw in Sudan that led me to leave are happening here now. That saddens me greatly, because where else is there to go?”

It’s time to face some uncomfortable ideas about the state of civilization in the United States. This country is no longer the beacon of freedom illuminating a better way for the world. Why not?
Because it has ceased to be civilized.